The 52-week new highs on a Friday rule
These are the exact rules that Bill used to make millions:
Rule #1 : On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.
Rule #2 : Exit the long position on the opening the following Tuesday.
Rule #3 : If the market opens lower on Monday, exit the position immediately.
There you have it. These are the only three rules you need to trade with “The 52-week new highs on a Friday rule” successfully.
“The 52-week new highs on a Friday rule” works extremely well in futures and in the Forex markets. This rule can be reversed for “The 52-week new lows on a Friday rule” if you are so inclined to trade the short side of the market. The same rules apply.
Source: http://www.ino.com/blog/2010/10/a-perfect-weekend-for-the-52-week-new-highs-on-friday-rule
Video: http://broadcast.ino.com/education/52weekhighfriday_dest/
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